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Tesla seems like its always in the news.
Unfortunately for owners of both Tesla stock and its vehicles, consumer sentiment has definitely turned against the company.
But what does this mean for potential buyers?
Is now the time to buy a Tesla EV, or are there too manydark clouds on the horizon?
Heres all that youll need to know to make an informed decision.
Why Are So Many Tesla Owners Trading in Their EVs?
The most obvious recent answer as to why Tesla trade-ins are through the roof is a political one.
Over the past year or so,Musk has closely aligned himself with Donald Trumpand became a vocal supporter.
However, the reasons for the spike in sales go beyond mere politics.
More choices in the EV market has contributed to higher numbers of Teslas being traded in for other vehicles.
Another reason why some Tesla owners are offloading their vehicles is theirhigh depreciation.
Is This an Opportunity for Buyers?
But theres a lot of baggage that goes along with being a Tesla owner in the current environment.
On the non-political front, youll still have to deal with depreciation and long-term resale value concerns.
The long-term health of Tesla batteries can also be a worry.
Of course, these are the types of used vehicle issues that plague many EVs not just Teslas.
The bottom line is used Teslas are getting cheaper for a reason.
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